Altoona, Pa. – According to HFF, Logan Town Centre is the dominant shopping center within a 45-mile radius.
Altoona, Pa. – HFF has brokered the sale of Logan Town Centre, a 715,819-square-foot, grocery-anchored shopping center in Altoona. HFF marketed the property exclusively for the seller AVR-ALTOONA LP. The buyer, a private investor, purchased the center for $101.5 million and assumed the existing loan.
Logan Town Centre is situated on 75 acres near Logan Valley Mall and the Altoona campus of Pennsylvania State University in central Pennsylvania. Completed in phases from 2006 to 2012, the center is 98 percent leased to tenants that include Giant Eagle Supermarket, Kohl’s, Best Buy, Staples, Bed Bath & Beyond, Michaels, Ross Dress for Less, Boscov’s and Dick’s Sporting Goods.
HFF senior managing director Jim Koury and managing director Claudia Steeb led the investment sales team.
— Scott Reid